U.S. stocks end mostly lower; Nasdaq claims positive turf

U.S. stocks on Wednesday struggle and largely fail to retain gains after Moody’s threatens downgrades of two large bond insurers, darkening cheer from data showing the service economy to be in better shape than expected. See full story.

Lehman shares slip as broker reportedly seeks overseas capital

SAN FRANCISCO (MarketWatch) - Lehman Brothers may seek capital from overseas investors as the brokerage firm tries to calm concerns about its leverage, exposure to troubled mortgage-related assets and access to cash and other short-term sources of money. See full story.

United Airlines cuts up to 1,600 jobs as it eyes higher fuel cost

United Airlines is cutting up to 1,600 jobs and removing older jets from its fleet as the No. 2 U.S. carrier moves to reduce costs in the face of a whopping $3 billion fuel bill and a slower economy. See full story.

European Central Bank to remain on hold, economists say

A pick-up in already strong inflationary pressures all but assures that the European Central Bank’s key interest rate will be left on hold when its rate-setting policy council meets Thursday, economists said. See full story.

Companies in the U.S. private sector added 40,000 jobs in May, according to a sampling of payrolls administered by Automatic Data Processing. Data raise prospects for a better-than-anticipated reading for the nation's payrolls when the Labor Department reports data on Friday. See full story.

Maybe it's because I'm a New Yorker. Unlike many Beltway denizens, I'm not surprised that former White House press secretary Scott McClellan has written a kiss-and-tell book about his years as President Bush's spokesman. See full story.

Life Savings: Five ways to lend to your kids without keeping them in your debt

Bill and Pattye Bomash had heard the warnings about why parents shouldn’t lend money to their grown children. How it keeps them dependent. How it inflames family tension. How it robs your retirement. How you’ll never see the cash again. See full story.

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